HALIFAX MEDICAL CENTER — History
CCN 100017 | 3-year financial timeline | COVID resilience: 72/100
🛡️ Public data only — no PHI permitted on this instance.
$568M
Latest Revenue (FY2022)
+9.3%
Revenue CAGR (3yr)
-3.9%
Financial Timeline
| Metric | FY2020 | FY2021 | FY2022 | YoY (Latest) | CAGR |
|---|---|---|---|---|---|
| Net Patient Revenue | $475M | $550M | $568M | +3.2% | +9.3% |
| Operating Expenses | $512M | $560M | $590M | +5.4% | +7.3% |
| Operating Margin | -7.8% | -1.8% | -3.9% | -121.4% | +0.0% |
| Net Income | $-37M | $-10M | $-22M | -128.5% | +0.0% |
| Licensed Beds | 496 | 467 | 516 | +10.5% | +2.0% |
| Total Patient Days | 111,642 | 124,255 | 122,660 | -1.3% | +4.8% |
| Medicare Day % | 21% | 19% | 18% | -4.4% | -6.3% |
| Medicaid Day % | 21% | 17% | 17% | -1.1% | -9.0% |
COVID Impact & Recovery
Resilience Score: 72/100 — Moderate — some COVID impact but recovering
Revenue recovery from FY2020 to FY2022: +19.5% ($475M → $568M)
FY2020 captured the initial COVID shock. Strong recovery indicates operational resilience and payer diversification.
Trend Summary
Revenue▲ Growing
Operating Margin▲ Growing
Beds▲ Growing
Medicare Mix▲ Growing
vs State Average ()
Revenue Growth
+9.3%
This Hospital
+7.6%
State Avg
Latest Margin
-3.9%
This Hospital
-4.6%
State Avg
Projections (FY2023-2025)
Extrapolated from 3-year trend using linear projection. Does not account for regulatory or market changes.
| Year | Revenue (proj) | Margin (proj) |
|---|---|---|
| FY2023 (proj) | $614M | -2.0% |
| FY2024 (proj) | $660M | -0.0% |
| FY2025 (proj) | $707M | 1.9% |